Global Veterinary Anesthesia Equipment Market Overview
As per MRFR analysis, the Veterinary Anesthesia Equipment Market Size was estimated at 2.24 (USD Billion) in 2023. The Veterinary Anesthesia Equipment Market Industry is expected to grow from 2.39 (USD Billion) in 2024 to 4.13 (USD Billion) by 2032. The Veterinary Anesthesia Equipment Market CAGR (growth rate) is expected to be around 7.07% during the forecast period (2024 - 2032).
Key Veterinary Anesthesia Equipment Market Trends Highlighted
The Global market of Veterinary Anesthesia Equipment is driven by the increasing prevalence of pet ownership, the expanding veterinary industry, and the rising adoption of advanced surgical procedures. Key market drivers include technological advancements, such as minimally invasive surgical techniques, that require specialized anesthesia equipment. Opportunities exist in developing markets, where pet ownership is on the rise, and in the provision of specialized services, such as pain management and emergency care. Recent trends include the growing use of integrated anesthesia systems that combine ventilation, monitoring, and delivery components, as well as the adoption of portable and wireless devices for increased convenience and efficiency.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Veterinary Anesthesia Equipment Market Drivers
Increasing Prevalence of Veterinary Procedures
First and foremost, the growing number of veterinary procedures that are being conducted around the world can be named as the major driver of the Veterinary Anesthesia Equipment Market. The pet population is growing, and the awareness of pet owners about the need for veterinary care is also increasing. The growth of the number of veterinary care procedures conducted around the world is positively impacting the growth of the demand for veterinary anesthesia equipment to perform the procedures.
In the United States, the number of veterinary procedures grew by 6.1% in 2023, according to the information of the American Veterinary Medical Association. The number of veterinary procedures that are conducted around the world and that are growing at a very fast pace is another major driver of the Veterinary Anesthesia Equipment Market.
The pet population is growing and awareness about the importance of veterinary care is on the rise. These factors contribute to the growth of the demand for veterinary anesthesia equipment, and the indicators of the Veterinary Anesthesia Equipment Market grow along with the growth of the number of procedures conducted.
There are also other such factors that contribute to the growth of the Veterinary Anesthesia Equipment Market as such:
The growth of the awareness of pet owners about the necessity of veterinary care, The increasing adoption of new types of veterinary anesthesia equipment, The growing demand for minimally invasive surgical procedures The increasing availability of veterinary anesthesia equipment The decrease in prices for veterinary surgery equipment.
Technological Advancements
Technological advancements at a rapid pace in the veterinary industry are another major driver of the Veterinary Anesthesia Equipment Market. Constantly, veterinary anesthesia equipment manufacturing companies are developing new and innovative products that are designed to improve the safety and efficacy of veterinary anesthesia.
Some recent technological advancements in the veterinary anesthesia equipment market are: Development of new anesthetic drugs that are safe and effective Development of new machines for anesthesia that are user-friendly and efficient Development of new devices for monitoring, which helps veterinarians monitor closely the vital signs of patients during anesthesia Development of new training programs which can accommodate the veterinarians in addressing the issues related to safe use of veterinary anesthesia equipment and effective use.
The Veterinary Anesthesia Equipment Market is driven by the factors of these latest technological advancements, which are expected to persist in the future years. Veterinary anesthesia equipment companies are developing the products in such a way that it will enhance the safety and efficacy of veterinary anesthesia.
Increasing Demand for Veterinary Anesthesia Services in Emerging Markets
Another major factor driving the Veterinary Anesthesia Equipment Market is the rising demand for veterinary anesthesia services in emerging countries. On account that the populations of these countries are growing wealthier, the number of households that own household pets has been on the rise, as well. Because of the increasingly educated character of the members of these households, the demand for veterinary services has been growing, paralleled by the implemented growth in the quality of these services.
In turn, this dynamically drives the construction of veterinary clinics and hospitals that are being equipped with state-of-the-art veterinary anesthesia equipment. It is perfectly understandable why the identified trend will continue to account for the growth in the global demand for veterinary anesthesia equipment in the future as emerging countries continue to become more developed and their households become more affluent and more educated, the demand for veterinary anesthesia services in these countries will increase, as well.
Veterinary Anesthesia Equipment Market Segment Insights
Veterinary Anesthesia Equipment Type of Animal Insights
The Veterinary Anesthesia Equipment Market segmentation by type of animal is as follows – large animals, small animals, and exotic animals. Large Animals Large animals, such as horses, cattle, and pigs, are expected to witness the highest growth, as they account for the largest share of the Veterinary Anesthesia Equipment Market.
The large animal segment is attributed to increased demand for veterinary anesthesia equipment in large animal clinics and hospitals. Small Animals Small animals, such as dogs, cats, and rabbits, represented the second largest segment in the Veterinary Anesthesia Equipment Market in 2023.The growth of the segment can be attributed to the increasing pet ownership and the associated raised awareness about animals. Exotic Animals, such as birds, reptiles, amphibians, and others, are the smallest segment of the Veterinary Anesthesia Equipment Market in 2023.
The total Veterinary Anesthesia Equipment Market value is expected to reach USD 4.6 billion by 2032. The reasons for the growth of veterinary anesthesia equipment are the increase in the demand for veterinary anesthesia equipment in animal clinics and hospitals, raised awareness in every sphere of the animal industry, and increased popularity of exotic pets.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Veterinary Anesthesia Equipment Type of Anesthesia Insights
In 2023, the largest share of the Veterinary Anesthesia Equipment Market revenue was held by inhalant anesthetics, and this dominance is expected to continue in the forecast period. One of the main reasons for the growth of the market segment is the widespread use of inhalant anesthetics in veterinary surgeries, which results from their rapid action, ease of administration, and relatively low costs.
At the same time, it can be expected that a considerable increase in demand is going to be observed in the case of injectable anesthetics, as they can allow for a more controlled and prolonged anesthetic effect.
Finally, local anesthetics, which currently have the lowest share of the market, are growing in popularity in veterinary medicine due to their ability to provide pain relief within a single area without affecting the whole organism.
Veterinary Anesthesia Equipment Application Insights
The Veterinary Anesthesia Equipment Market is segmented based on application into surgical procedures, diagnostic imaging, pain management, and emergency care. Among these segments, surgical procedures held the largest market share of around 42% in 2023 and is expected to maintain its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing number of veterinary surgeries being performed globally.
Additionally, the rising adoption of advanced anesthesia techniques and equipment in veterinary clinics is driving the growth of this segment.The diagnostic imaging segment is expected to witness significant growth over the forecast period due to the increasing use of imaging techniques such as X-rays, ultrasound, and MRI in veterinary medicine.
The pain management segment is also expected to grow steadily over the forecast period due to the rising awareness of pain management in animals and the availability of a wide range of pain management products. The emergency care segment is expected to witness moderate growth over the forecast period due to the increasing number of veterinary emergencies and the need for specialized anesthesia equipment in emergency situations.
Veterinary Anesthesia Equipment End User Insights
Veterinary clinics are projected to dominate the end user segment of the Veterinary Anesthesia Equipment Market revenue with a significant share during the forecast period. The high volume of animal treatment procedures performed in veterinary clinics, coupled with the need for advanced anesthesia equipment to ensure animal safety and comfort, drive market growth. Veterinary hospitals also hold a substantial share due to their comprehensive range of surgical and diagnostic services, necessitating the use of specialized anesthesia equipment.
Research institutions contribute to market growth through their involvement in animal research and development, requiring advanced anesthesia equipment for precise monitoring and control during experimental procedures.
Zoos, with their focus on animal welfare and conservation, invest in anesthesia equipment to facilitate safe and effective procedures for various animal species. Overall, the growing awareness of animal welfare, advancements in veterinary medicine, and increasing pet ownership contribute to the expansion of the Veterinary Anesthesia Equipment Market segmentation across these end user segments.
Veterinary Anesthesia Equipment Regional Insights
The regional landscape of the Veterinary Anesthesia Equipment Market presents diverse growth dynamics. North America leads the market with a significant share due to advanced veterinary infrastructure, higher pet ownership rates, and technological advancements. Europe follows closely, driven by stringent animal welfare regulations and a growing companion animal population. The Asia-Pacific (APAC) region is witnessing rapid market expansion, fueled by rising pet adoption and increasing disposable income. South America and the Middle East and Africa (MEA) regions are expected to exhibit steady growth in the coming years, driven by expanding veterinary services and growing awareness of animal welfare.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Veterinary Anesthesia Equipment Market Key Players And Competitive Insights
Major players in Veterinary Anesthesia Equipment Market industry, including Leading Veterinary Anesthesia Equipment Market players, are continuously developing innovative products to meet the evolving needs of veterinary practices. The Veterinary Anesthesia Equipment Market is highly competitive, with various established players and emerging companies vying for market share. These companies are focusing on expanding their product portfolios, establishing strategic partnerships, and implementing effective marketing strategies to gain a competitive edge.
Leading Veterinary Anesthesia Equipment Market players are investing in research and development to introduce advanced technologies and improve the functionality and efficiency of their products. The Veterinary Anesthesia Equipment Market Competitive Landscape is expected to remain dynamic, with companies actively involved in mergers, acquisitions, and collaborations to enhance their market position and expand their global reach.
A well-established player in the Veterinary Anesthesia Equipment Market is Smiths Medical. The company offers a comprehensive range of anesthesia equipment specifically designed for veterinary applications. Smiths Medical's products are known for their reliability, accuracy, and ease of use. The company has a strong global presence and a well-established distribution network, enabling it to cater to the needs of veterinary clinics and hospitals worldwide. Smiths Medical continuously invests in research and development to improve its product offerings and maintain its position as a leading player in the Veterinary Anesthesia Equipment Market.Another key player in the Veterinary Anesthesia Equipment Market is Vetland Medical.
The company specializes in providing innovative and affordable anesthesia equipment for veterinary professionals. Vetland Medical's products are designed to meet the specific requirements of veterinary practices, offering features such as compact size, portability, and user-friendly interfaces.
The company has gained a strong reputation for its commitment to providing high-quality products and excellent customer support. Vetland Medical's focus on innovation and affordability has enabled it to establish a loyal customer base and gain a significant market share in the Veterinary Anesthesia Equipment Market.
Key Companies in the Veterinary Anesthesia Equipment Market Include:
- Becton Dickinson
- GE Healthcare
- Edwards Lifesciences
- Mindray
- Stryker
- Smiths Medical
- Merck Co.
- Abbott Laboratories
- Drager
- Sorin Group
- Zimmer Biomet
- Philips Healthcare
- Covidien
- Schiller AG
- Baxter International
Veterinary Anesthesia Equipment Industry Developments
The Veterinary Anesthesia Equipment Market is poised to witness substantial growth in the coming years, driven by rising pet ownership, increasing veterinary procedures, and technological advancements. In 2023, the market was valued at approximately USD 3.18 billion, and it is projected to reach USD 4.6 billion by 2032, exhibiting a CAGR of 4.18%.
Key market players include Smiths Medical, Mindray, and Halyard Health. Recent developments include the launch of new products such as GE Healthcare's Aisys CS2 Anesthesia Delivery System and the introduction of innovative technologies like virtual reality (VR) for veterinary anesthesia training.
Veterinary Anesthesia Equipment Market Segmentation
Veterinary Anesthesia Equipment Type of Animal Outlook
- Large animals
- Small animals
- Exotic animals
Veterinary Anesthesia Equipment Type of Anesthesia Outlook
- Inhalant anesthetics
- Injectable anesthetics
- Local anesthetics
Veterinary Anesthesia Equipment Application Outlook
- Surgical procedures
- Diagnostic imaging
- Pain management
- Emergency care
Veterinary Anesthesia Equipment End User Outlook
- Veterinary clinics
- Veterinary hospitals
- Research institutions
- Zoos
Veterinary Anesthesia Equipment Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.24 (USD Billion) |
| Market Size 2023 |
2.39 (USD Billion) |
| Market Size 2032 |
4.13 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
7.07% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Becton Dickinson, GE Healthcare, Edwards Lifesciences, Mindray, Stryker, Smiths Medical, Merck Co., Abbott Laboratories, Drager, Sorin Group, Zimmer Biomet, Philips Healthcare, Covidien, Schiller AG, Baxter International |
| Segments Covered |
Type of Animal, Type of Anesthesia, Application, End User, Regional |
| Key Market Opportunities |
1 Growing demand for veterinary anesthesia due to rising pet ownership 2 Advancements in anesthesia techniques and equipment 3 Increasing prevalence of veterinary surgeries 4 Launch of innovative anesthesia products 5 Expanding veterinary infrastructure in emerging economies |
| Key Market Dynamics |
1.      Rising pet ownership 2.      technological advancements 3.      increasing demand for minimally invasive procedures 4.      growing awareness of animal welfare and 5.      expanding veterinary infrastructure |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Veterinary Anesthesia Equipment Market is estimated to be valued at approximately 2.24 USD Billion in 2023.
The Veterinary Anesthesia Equipment Market is projected to grow at a CAGR of 7.07% from 2024 to 2032.
The increasing number of veterinary procedures, rising awareness of animal welfare, and technological advancements are the key factors driving the growth of the Veterinary Anesthesia Equipment Market.
North America is expected to hold the largest share of the Veterinary Anesthesia Equipment Market in 2032, owing to the high adoption of advanced veterinary technologies and a large number of veterinary clinics and hospitals in the region.
The small animal segment is expected to account for the highest revenue in the Veterinary Anesthesia Equipment Market by 2032 due to the increasing number of companion animals and the growing demand for veterinary services for small animals.
Some of the key competitors in the Veterinary Anesthesia Equipment Market include B Braun Melsungen AG, Halyard Health, Smiths Medical, DRE Veterinary, and Mindray.
The emerging trends in the Veterinary Anesthesia Equipment Market include the adoption of wireless and portable anesthesia equipment, the use of advanced monitoring technologies, and the integration of artificial intelligence (AI) and machine learning (ML) technologies.
The challenges faced by the Veterinary Anesthesia Equipment Market include the high cost of equipment, the need for skilled professionals to operate the equipment, and the stringent regulatory requirements in various regions.
The opportunities for growth in the Veterinary Anesthesia Equipment Market include the increasing demand for veterinary services, the growing adoption of advanced technologies, and the expansion of the veterinary industry in emerging markets.
The Veterinary Anesthesia Equipment Market is expected to reach a valuation of approximately 4.6 USD Billion by 2032.
